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Podcast: Power House
Episode: MBS Highway’s Barry Habib on Calabria, forbearance and the job market
Description: This week, MBS Highway Founder and CEO Barry Habib joins the Housing News Podcast to discuss how the COVID-19 pandemic continues to impact the nation’s housing ecosystem.In the second half of this two-show episode, Habib explains why U.S. markets now face an uphill battle as the unemployment rate falls to Great Recession levels, and why first-payment defaults on forbearance are problematic for the housing finance sector.Additionally, Habib discusses a conversation he had with Federal Housing Finance Agency Director Mark Calabria regarding the state of U.S. mortgage servicing. According to Habib, Cal...